Peterson Wealth Services Has $3.24 Million Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Peterson Wealth Services grew its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,338 shares of the apparel retailer’s stock after acquiring an additional 164 shares during the quarter. Lululemon Athletica accounts for approximately 1.4% of Peterson Wealth Services’ investment portfolio, making the stock its 23rd largest position. Peterson Wealth Services’ holdings in Lululemon Athletica were worth $3,240,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Daymark Wealth Partners LLC boosted its holdings in shares of Lululemon Athletica by 3.8% during the 4th quarter. Daymark Wealth Partners LLC now owns 573 shares of the apparel retailer’s stock worth $293,000 after buying an additional 21 shares in the last quarter. Simon Quick Advisors LLC boosted its holdings in shares of Lululemon Athletica by 1.9% during the 4th quarter. Simon Quick Advisors LLC now owns 1,196 shares of the apparel retailer’s stock worth $612,000 after buying an additional 22 shares in the last quarter. Pinnacle Financial Partners Inc boosted its holdings in shares of Lululemon Athletica by 1.9% during the 4th quarter. Pinnacle Financial Partners Inc now owns 1,263 shares of the apparel retailer’s stock worth $646,000 after buying an additional 23 shares in the last quarter. Baker Avenue Asset Management LP boosted its holdings in shares of Lululemon Athletica by 11.1% during the 3rd quarter. Baker Avenue Asset Management LP now owns 251 shares of the apparel retailer’s stock worth $97,000 after buying an additional 25 shares in the last quarter. Finally, Sage Mountain Advisors LLC boosted its holdings in shares of Lululemon Athletica by 3.3% during the 3rd quarter. Sage Mountain Advisors LLC now owns 809 shares of the apparel retailer’s stock worth $312,000 after buying an additional 26 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Buying and Selling

In other news, Director Martha A. M. Morfitt acquired 700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average price of $389.29 per share, with a total value of $272,503.00. Following the acquisition, the director now owns 500 shares in the company, valued at approximately $194,645. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is currently owned by insiders.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock traded up $6.40 during trading hours on Thursday, hitting $351.26. 469,799 shares of the company’s stock traded hands, compared to its average volume of 1,748,433. The company has a fifty day simple moving average of $424.95 and a 200-day simple moving average of $439.26. Lululemon Athletica Inc. has a 12-month low of $326.93 and a 12-month high of $516.39. The stock has a market capitalization of $44.26 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 1.20 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, topping the consensus estimate of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same quarter last year, the firm posted $4.40 EPS. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, analysts forecast that Lululemon Athletica Inc. will post 14.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LULU has been the topic of a number of recent research reports. Wedbush cut their target price on Lululemon Athletica from $548.00 to $492.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Stifel Nicolaus reiterated a “buy” rating and issued a $539.00 target price (down from $596.00) on shares of Lululemon Athletica in a report on Friday, March 22nd. Oppenheimer reiterated an “outperform” rating and issued a $445.00 target price (down from $540.00) on shares of Lululemon Athletica in a report on Friday, April 5th. JPMorgan Chase & Co. cut their target price on Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $550.00 target price on shares of Lululemon Athletica in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $485.39.

About Lululemon Athletica

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.